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Nov 2, 2012 3:00pm EDT
to work right new. because of this election, if we see romney elected, we'll see oil prices drop. you'll see energy prices drop. that might be a buying opportunity at that point. other than that, i really believe we have to just take a look and see attitude right now. >> well, one of our guests, a regular on this program, had a great idea. he said to me, maybe for one month the fed instead of putting that $40 billion of mortgage-backed securities buying, put that on hold and send it to some of the ravaged areas like staten island, like new jersey. >> i love it. i absolutely love that idea. >> i do too. >> then the fed's crossing the line into fiscal policy and out of the realm of monetary policy. >> where are we going to get it? >> fema responds rather adroitly to -- katrina notwithstanding, to these disasters. i suspect they're going to be quite responsive right now for those who have been displaced, who have lost family members, who don't have homes. i think there will be a rapid response from the federal government. >> i'm just saying, we could use that money in other areas right n
Nov 1, 2012 3:00pm EDT
's also what mitt romney's going to speak about at every one of his campaign stops. >> that is the big number there. gary, at this point, we're still in earnings season. many companies had to delay their earnings reports. we have to get out of this crisis mode here. are you surprised we're rallying even though the markets still face a lot of uncertainties? >> no, bill, i'm really not that surprised. we've had a decent selloff in the market. the s&p 500 is off about 4% or 5% from its peak in mid-september. you know, now we're getting about 100 basis points back here. the technology sector was up almost 10%. it's having a nice bounceback as well. so i'm not too surprised. there is a technical effect going on here with this rally. >> all right. thank you, both, for joining us today and your thoughts on today's market. appreciate it very much. so on the heels of sandy, finding gasoline is becoming harder and harder in the metropolitan area surrounding new york city. it's becoming a major headache for many commuters in one of the most densely populated areas of the country. mary thompson at
Search Results 0 to 1 of about 2